Steel News

Tata Steel Group Sets Sights on Low-Carbon Benchmark

09 June 2008 - Tata Steel Group celebrates World Environment Day with campaigns, events and activities supporting the reduction of CO2 as well as the company’s corporate vision to be “the global steel industry benchmark for Value Creation and Corporate Citizenship."

CMC Subsidiary Closes Purchase of PHP Nike

06 June 2008 - Commercial Metals subsidiary, CMC Poland, completes its acquisition of the outstanding shares of PHP Nike SA, Poland.

Mechel Commissions New Rebar Line at Mechel Targoviste

05 June 2008 - Mechel commissions a new line at Mechel Targoviste for the production of custom-manufactured reinforcing bar.

SSAB Insurance Compensation Confirmed by Swedish Court Ruling

04 June 2008 - The Swedish Supreme Court has rejected Zürich’s appeal regarding insurance compensation to SSAB related to the 1997 blast furnace failure at SSAB’s Luleå plant.

USW, ArcelorMittal Reach Global Agreement on Health and Safety Issues

04 June 2008 - The USW reaches a groundbreaking agreement with ArcelorMittal that will help to improve safety and health standards throughout the company.

Mitsui Mining to Be Renamed Nippon Coke

03 June 2008 - Mitsui Mining announces plans to change its corporate name to Nippon Coke & Engineering, reflecting the company’s deeper ties with Nippon Steel and Sumitomo.

SMS Demag to Supply X-Melt EAF, Slab/Beam Blank Caster for Peiner Träger

03 June 2008 - SMS Demag will supply an X-Melt electric arc furnace meltshop and revamp a continuous beam-blank caster to an X-Cast combined slab/beam-blank caster for Peiner Träger GmbH of the Salzgitter Group.

Tata Steel Blows in Largest Blast Furnace at Jamshedpur

03 June 2008 - Tata Steel officially restarts India’s largest blast furnace during a blowing in ceremony at the company’s Jamshedpur steelworks.

SMS Demag to Provide 4th Continuous Caster for Salzgitter Flachstahl

02 June 2008 - SMS Demag will supply a bow-type X-Cast slab caster to Salzgitter Flachstahl that is capable of 1100 to 2600 mm wide slabs at thicknesses of 250 and 350 mm.

Parsytec to Provide Surface Inspection for SSAB Tunnplåt Slitting Line

30 May 2008 - ISRA Vision Parsytec AG will provide a surface inspection system for SSAB’s slitting line at their site in Tunnplåt, Sweden.

BlueScope Steel Plans Blast Furnace Reline at Port Kembla

30 May 2008 - BlueScope Steel receives formal approval for its planned $370 million reline of Blast Furnace No. 5 at its Port Kembla Steelworks.

ArcelorMittal Makes Donation for Victims of Myanmar Cyclone

30 May 2008 - ArcelorMittal is donating 100,000 euro to the Save the Children NGO to help the victims of the Myanmar disaster.

Venezuelan Tax Authorities Initiate Assessment against Sidor

29 May 2008 - Venezuelan tax authorities initiate a tax assessment against Sidor’s income taxes for fiscal years 2003, 2004, 2005, 2006, and 2007 regarding allegedly omitted payments totaling Venezuelan bolívares 1,438.6 million.

GM Honors Posco with Global Supplier of the Year Award

28 May 2008 - Posco recently received the General Motors 2007 Global Supplier of the year Award, one of only three steel corporations to receive this award for 2007.

Severstal to Invest in West African Iron Ore Deposit

28 May 2008 - OAO Severstal will purchase up to a 61.5% stake in African Iron Ore Group, which owns, through subsidiaries, the exploration rights for an iron ore deposit in the Putu Range area, in Western Africa.

ArcelorMittal South Africa Restarts Upgraded Rod Mill in Mozambique

28 May 2008 - ArcelorMittal South Africa restarts its recently refurbished rod mill in Mozambique, one of two mills the company acquired from the Mozambican government in 2006 for US$11.4 million.

Mechel Commissions Forging Equipment at Urals Stampings Plant

28 May 2008 - Mechel OAO commissions a new modern ring rolling mill, provided by SMS Meer, that will produce weldless straight and section rings by radial-axial rolling.

Toyota Accepts Significant Steel Price Hikes

28 May 2008 - Toyota Motor has accepted steel price hikes of slightly below 30,000 yen per ton in negotiations with major steelmakers, according to a release published on Japan’s JCN Network.

TKS Says EU Plans Threaten Competitiveness of German Steel Production

28 May 2008 - According to ThyssenKrupp, the EU’s plans for the CO2 emissions trading system are jeopardizing competitiveness of German steel production.

IISI Reports World Steel Production for April 2008

23 May 2008 - World crude steel production for the 67 countries reporting to IISI stood at an estimated 116.4 million tonnes in April 2008 — 5.6% higher than for the same month of 2007, but 2.7% lower than the previous month, March 2008.